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RNS Number:0789F
Property Acquisition & ManagementLd
13 December 2002

Property Acquisition and Management Limited



Share Buy Back



Property Acquisition and Management Limited announces that on 12 December 2002
it purchased 2,000,000 Ordinary 10p shares for cancellation at 42.5p per share



Following the above buy back 55,583,795 Ordinary 10p shares remain in issue

Enquiries:

Andrew Duquemin

Collins Stewart Fund Management Limited

01481 731 987


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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